04.24.2024
Biodiesel output strong in Q2; producers start locking in Q3-Q4 sales
A second producer echoed this sentiment and said they have had to work a bit harder to secure feedstock to line it up with sales at the right time.
Trading was mostly quiet today with both buyers and sellers focused fulfilling already committed volumes in the face of plant closures. As of this afternoon, The Jacobsen is estimating that in terms of weekly production 7.5 million pounds of inedible tallow production and 1.6 million pounds are currently idled. Tallow was quiet today but the big drop in production adds significant risk to the nearby market for higher prices. The choice…